10 June 2014
Dear Sir Employees of our organisation received substantial salary arrears in financial year 2007-08 for which Section 89 relief is already availed. We have received further arrears in financial year 2013-14. How do we calculate relief under Sec. 89 to ignore the earlier income considered for 89 relief since the statement does not provide for any adjustment for such income already deemed as receipts of respective years.
10 June 2014
Dear Sir Thank you for the advice . However I am not clear your point.Please suggest in case of an assesee who recieved Rs 1.30lakhs as arrears for AY 2008-09 relating to three Previous years . Now he received Rs 2.40 Lakhs as arrears for AY 2008-09.Now my doubt is while working relief for AY 2014-15, for AY 2008-09 which amount is to be taken ?, ie, including arrears received during AY 08-09 Rs 1.30 Lkhs or excluding the same. Kindly clarify Rgds
CAclubindia
